Solution-What was the amount of net sales

What was the amount of net sales

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Reference no: EM13510659

For the fiscal year, sales were $6,750,000, sales discounts were $120,000. sales return and allowances were $900,000, and the cost of merchandise sold was $4,000,000.

a. What was the amount of net sales?
b. What was the amount of gross profit?
c. If total operating expenses were $1,200,000, could you determine net income?

Reference no: EM13510659

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What was the amount of net sales

Reference no: EM13510659

Reference no: EM13510659

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